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Spring Statement Reaction - Trader Gary Stevenson

March 25, 2022
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right<00:00:00.160> he's<00:00:00.399> cut<00:00:00.560> my<00:00:00.799> taxes<00:00:01.199> by<00:00:01.360> one<00:00:01.520> percent

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right he's cut my taxes by one percent

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right he's cut my taxes by one percent thanks<00:00:02.080> rishi<00:00:02.560> at<00:00:02.639> the<00:00:02.720> same<00:00:02.960> time<00:00:03.520> he's

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thanks rishi at the same time he's

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thanks rishi at the same time he's raised<00:00:04.080> national<00:00:04.319> insurance<00:00:04.799> by<00:00:04.960> two<00:00:05.120> and<00:00:05.200> a

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raised national insurance by two and a

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raised national insurance by two and a half<00:00:05.279> percent<00:00:05.600> which<00:00:05.759> i<00:00:05.920> don't<00:00:06.160> pay<00:00:06.560> and<00:00:06.720> which

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half percent which i don't pay and which

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half percent which i don't pay and which rishi<00:00:07.200> doesn't<00:00:07.359> pay<00:00:07.600> at<00:00:07.680> least<00:00:07.919> on<00:00:08.000> his<00:00:08.160> income

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rishi doesn't pay at least on his income

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rishi doesn't pay at least on his income from<00:00:08.559> his<00:00:08.639> wealth<00:00:09.200> because<00:00:09.599> we<00:00:09.760> get<00:00:09.920> our<00:00:10.080> money

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from his wealth because we get our money

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from his wealth because we get our money from<00:00:10.639> our<00:00:10.800> wealth<00:00:11.599> so<00:00:11.759> he's<00:00:12.160> he's<00:00:12.320> cutting

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from our wealth so he's he's cutting

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from our wealth so he's he's cutting taxes<00:00:13.519> on<00:00:13.840> on<00:00:14.160> the<00:00:14.320> super<00:00:14.639> rich<00:00:15.040> and<00:00:15.200> raising

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taxes on on the super rich and raising

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taxes on on the super rich and raising taxes<00:00:15.920> on<00:00:15.920> working<00:00:16.240> people<00:00:16.640> you<00:00:16.720> know<00:00:16.960> it's

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taxes on working people you know it's

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taxes on working people you know it's it's<00:00:17.680> it's<00:00:17.920> give<00:00:18.080> with<00:00:18.240> one<00:00:18.480> hand<00:00:18.720> and<00:00:18.880> take

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it's it's give with one hand and take

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it's it's give with one hand and take with<00:00:19.279> the<00:00:19.439> other<00:00:19.760> look<00:00:20.160> there<00:00:20.400> are<00:00:20.480> some<00:00:20.640> small

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with the other look there are some small

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with the other look there are some small tax<00:00:21.279> reductions<00:00:21.760> announced<00:00:22.160> yesterday

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tax reductions announced yesterday

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tax reductions announced yesterday we<00:00:23.600> estimate<00:00:24.000> that<00:00:24.160> there<00:00:24.240> are<00:00:24.320> about<00:00:24.560> a<00:00:24.720> third

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we estimate that there are about a third

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we estimate that there are about a third of<00:00:25.199> the<00:00:25.279> tax<00:00:25.680> increases<00:00:26.320> that<00:00:26.560> he's<00:00:26.640> announced

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of the tax increases that he's announced

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of the tax increases that he's announced up<00:00:27.119> till<00:00:27.359> now<00:00:27.840> so<00:00:28.000> the<00:00:28.080> average<00:00:28.400> family<00:00:28.640> is

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up till now so the average family is

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up till now so the average family is going<00:00:28.800> to<00:00:28.880> be<00:00:28.960> paying<00:00:29.119> one<00:00:29.279> and<00:00:29.359> a<00:00:29.359> half

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going to be paying one and a half

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going to be paying one and a half thousand<00:00:29.840> pounds<00:00:30.080> more<00:00:30.320> in<00:00:30.400> tax<00:00:30.880> than<00:00:31.039> they

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thousand pounds more in tax than they

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thousand pounds more in tax than they were<00:00:31.279> before<00:00:31.519> israel<00:00:32.160> came<00:00:32.399> in<00:00:32.480> as<00:00:32.640> chancellor

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were before israel came in as chancellor

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were before israel came in as chancellor so<00:00:33.600> you<00:00:33.680> know<00:00:34.239> let's<00:00:34.480> not<00:00:34.640> beat<00:00:34.880> about<00:00:35.040> the

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so you know let's not beat about the

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so you know let's not beat about the bush<00:00:35.360> here<00:00:35.440> rishi<00:00:35.680> sonak<00:00:36.079> has<00:00:36.239> raised<00:00:36.559> taxes

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bush here rishi sonak has raised taxes

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bush here rishi sonak has raised taxes on<00:00:37.840> ordinary<00:00:38.239> working<00:00:38.559> people<00:00:39.120> whilst

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on ordinary working people whilst

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on ordinary working people whilst presiding<00:00:39.920> over<00:00:40.160> the<00:00:40.399> biggest<00:00:41.040> ever

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presiding over the biggest ever

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presiding over the biggest ever increasing<00:00:42.000> wealth<00:00:42.480> of<00:00:42.640> millionaires<00:00:43.040> and

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increasing wealth of millionaires and

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increasing wealth of millionaires and billionaires<00:00:44.079> so<00:00:44.480> yeah<00:00:44.640> i<00:00:44.719> mean<00:00:44.960> it's

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billionaires so yeah i mean it's

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billionaires so yeah i mean it's political<00:00:45.600> theater<00:00:45.840> right<00:00:46.239> he<00:00:46.480> gives<00:00:46.879> very

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political theater right he gives very

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political theater right he gives very loudly<00:00:47.600> and<00:00:47.760> he<00:00:47.840> takes<00:00:48.079> very<00:00:48.239> quietly<00:00:48.640> but

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loudly and he takes very quietly but

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loudly and he takes very quietly but he's<00:00:48.960> taking<00:00:49.200> more<00:00:49.360> than<00:00:49.440> he's<00:00:49.600> giving<00:00:50.079> the

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he's taking more than he's giving the

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he's taking more than he's giving the only<00:00:50.399> group<00:00:50.559> to<00:00:50.719> which<00:00:50.879> he's<00:00:50.960> given<00:00:51.199> more<00:00:51.360> than

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only group to which he's given more than

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only group to which he's given more than he's<00:00:51.600> taken<00:00:51.920> are<00:00:52.000> the<00:00:52.079> super<00:00:52.399> rich<00:00:52.640> who's<00:00:52.800> seen

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he's taken are the super rich who's seen

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he's taken are the super rich who's seen a<00:00:53.120> 21

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a 21

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a 21 single<00:00:54.960> year<00:00:55.199> increase<00:00:55.440> in<00:00:55.520> wealth<00:00:55.760> so<00:00:55.920> if

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single year increase in wealth so if

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single year increase in wealth so if richardson<00:00:56.719> himself<00:00:57.280> who's<00:00:57.520> worth<00:00:57.680> 200

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richardson himself who's worth 200

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richardson himself who's worth 200 million<00:00:58.320> pounds<00:00:58.879> if<00:00:59.039> his<00:00:59.280> wealth<00:00:59.520> has

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million pounds if his wealth has

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million pounds if his wealth has increased<00:01:00.000> in<00:01:00.079> line<00:01:00.480> with<00:01:00.640> the<00:01:00.800> average

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increased in line with the average

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increased in line with the average millionaire<00:01:01.840> in<00:01:01.920> this<00:01:02.079> country<00:01:02.640> he<00:01:02.800> would

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millionaire in this country he would

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millionaire in this country he would have<00:01:03.039> made<00:01:03.280> 42<00:01:03.760> million<00:01:04.000> pounds<00:01:04.239> in<00:01:04.320> the<00:01:04.400> first

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have made 42 million pounds in the first

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have made 42 million pounds in the first year<00:01:04.720> of<00:01:04.799> kobe<00:01:05.439> and<00:01:05.600> it's<00:01:05.760> not<00:01:05.840> just<00:01:06.080> him

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year of kobe and it's not just him

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year of kobe and it's not just him that's<00:01:06.479> all<00:01:06.640> of<00:01:06.720> the<00:01:06.799> super<00:01:06.960> rich<00:01:07.119> in<00:01:07.200> the

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that's all of the super rich in the

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that's all of the super rich in the country<00:01:07.520> the<00:01:07.600> average<00:01:07.840> billionaire<00:01:08.560> made<00:01:09.000> 630

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country the average billionaire made 630

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country the average billionaire made 630 million<00:01:10.400> pounds<00:01:11.119> you've<00:01:11.360> got<00:01:11.520> it<00:01:11.840> in<00:01:11.920> the

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million pounds you've got it in the

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million pounds you've got it in the first<00:01:12.159> year<00:01:12.320> of<00:01:12.400> kobe<00:01:12.880> it's<00:01:13.040> crazy<00:01:13.520> this<00:01:13.760> is

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first year of kobe it's crazy this is

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first year of kobe it's crazy this is not<00:01:14.000> a<00:01:14.080> case<00:01:14.400> of

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not a case of

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not a case of everybody's<00:01:15.520> hurting<00:01:16.000> but<00:01:16.240> the<00:01:16.320> poor<00:01:16.560> hurting

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everybody's hurting but the poor hurting

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everybody's hurting but the poor hurting the<00:01:16.880> most<00:01:17.439> this<00:01:17.600> is<00:01:17.759> a<00:01:17.840> case<00:01:18.080> of<00:01:18.479> the<00:01:18.640> poor<00:01:18.799> and

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the most this is a case of the poor and

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the most this is a case of the poor and ordinary<00:01:19.360> hurting<00:01:19.840> and<00:01:19.920> the<00:01:20.080> rich<00:01:20.320> have<00:01:20.560> never

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ordinary hurting and the rich have never

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ordinary hurting and the rich have never ever<00:01:21.280> ever<00:01:21.520> made<00:01:21.680> more<00:01:21.840> money<00:01:22.080> so<00:01:22.240> i<00:01:22.320> know<00:01:22.479> i

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ever ever made more money so i know i

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ever ever made more money so i know i keep<00:01:22.720> banging<00:01:22.960> on<00:01:23.119> about<00:01:23.360> it<00:01:23.600> but<00:01:23.759> i'm<00:01:23.840> going

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keep banging on about it but i'm going

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keep banging on about it but i'm going to<00:01:24.080> keep<00:01:24.240> banging<00:01:24.560> on<00:01:24.720> about<00:01:24.960> it<00:01:25.040> because<00:01:25.280> the

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to keep banging on about it because the

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to keep banging on about it because the only<00:01:25.680> way<00:01:25.840> we<00:01:26.080> save<00:01:26.799> ordinary<00:01:27.280> families<00:01:27.759> like

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only way we save ordinary families like

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only way we save ordinary families like the<00:01:28.080> people<00:01:28.320> listening<00:01:28.560> to<00:01:28.720> this<00:01:28.960> now

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the people listening to this now

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the people listening to this now is<00:01:29.920> by<00:01:30.079> getting<00:01:30.320> that<00:01:30.400> money<00:01:30.640> back<00:01:30.799> from<00:01:30.880> the

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is by getting that money back from the

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is by getting that money back from the super<00:01:31.119> rich<00:01:31.360> so<00:01:31.680> we<00:01:31.840> have<00:01:32.000> to<00:01:32.159> do<00:01:32.240> something<00:01:32.479> i

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super rich so we have to do something i

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super rich so we have to do something i would<00:01:32.640> encourage<00:01:33.040> anybody<00:01:33.360> listening<00:01:34.000> to

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would encourage anybody listening to

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would encourage anybody listening to come<00:01:34.320> and<00:01:34.400> support<00:01:34.640> me<00:01:34.799> and<00:01:34.880> call<00:01:35.040> information

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come and support me and call information

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come and support me and call information to<00:01:35.840> raise<00:01:36.079> taxes<00:01:36.560> on<00:01:36.720> the<00:01:36.799> rich<00:01:37.360> the<00:01:37.520> super

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to raise taxes on the rich the super

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to raise taxes on the rich the super rich<00:01:38.000> or<00:01:38.079> millionaires<00:01:38.560> like<00:01:38.640> me<00:01:38.880> or

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rich or millionaires like me or

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rich or millionaires like me or millionaires<00:01:39.439> like<00:01:39.840> rishi<00:01:40.240> himself

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millionaires like rishi himself

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millionaires like rishi himself so<00:01:41.439> that<00:01:41.600> we<00:01:41.680> can<00:01:41.840> support<00:01:42.560> the<00:01:42.720> ordinary

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so that we can support the ordinary

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so that we can support the ordinary hard-working<00:01:43.600> families<00:01:43.920> of<00:01:44.000> this<00:01:44.079> country

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hard-working families of this country

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hard-working families of this country instead<00:01:44.479> of<00:01:44.560> raising<00:01:44.880> their<00:01:44.960> taxes

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instead of raising their taxes

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instead of raising their taxes when<00:01:46.320> i<00:01:46.399> was<00:01:46.560> a<00:01:46.640> trader<00:01:47.119> we<00:01:47.280> didn't<00:01:47.520> watch<00:01:47.680> the

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when i was a trader we didn't watch the

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when i was a trader we didn't watch the statements<00:01:48.560> because<00:01:48.799> the<00:01:48.880> statements<00:01:49.280> are

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statements because the statements are

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statements because the statements are not<00:01:49.439> about<00:01:49.600> economics<00:01:50.079> the<00:01:50.159> statements<00:01:50.479> are

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not about economics the statements are

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not about economics the statements are about<00:01:50.720> political<00:01:51.119> theater<00:01:51.840> if<00:01:51.920> some<00:01:52.079> risky

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about political theater if some risky

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about political theater if some risky sonic<00:01:52.640> has<00:01:52.720> raised<00:01:53.040> taxes<00:01:53.439> significantly<00:01:54.079> on

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sonic has raised taxes significantly on

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sonic has raised taxes significantly on ordinary<00:01:54.560> working<00:01:54.880> people<00:01:55.119> okay<00:01:55.600> two<00:01:55.840> and<00:01:55.920> a

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ordinary working people okay two and a

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ordinary working people okay two and a half<00:01:56.159> percent<00:01:56.560> extra<00:01:56.960> on<00:01:57.119> national<00:01:57.439> insurance

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half percent extra on national insurance

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half percent extra on national insurance which<00:01:58.320> is<00:01:58.479> everybody's<00:01:58.960> wage<00:01:59.520> and<00:01:59.759> excludes

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which is everybody's wage and excludes

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which is everybody's wage and excludes the<00:02:00.320> incomes<00:02:00.640> of<00:02:00.799> the<00:02:00.960> super<00:02:01.200> rich<00:02:01.439> by<00:02:01.600> the<00:02:01.680> way

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the incomes of the super rich by the way

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the incomes of the super rich by the way he's<00:02:02.479> significantly<00:02:02.960> increased<00:02:03.200> tax<00:02:03.360> on

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he's significantly increased tax on

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he's significantly increased tax on ordinary<00:02:03.759> people<00:02:04.000> he's<00:02:04.079> done<00:02:04.240> that<00:02:04.399> quietly

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ordinary people he's done that quietly

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ordinary people he's done that quietly and<00:02:05.200> now<00:02:05.439> he's<00:02:05.520> giving<00:02:05.759> a<00:02:05.840> few<00:02:06.000> pounds<00:02:06.320> back

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and now he's giving a few pounds back

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and now he's giving a few pounds back very<00:02:06.799> very<00:02:06.960> loudly<00:02:07.680> listen<00:02:08.319> it's<00:02:08.479> not<00:02:08.720> enough

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very very loudly listen it's not enough

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very very loudly listen it's not enough it's<00:02:09.200> not<00:02:09.360> nearly<00:02:09.679> enough<00:02:10.000> there's<00:02:10.160> not<00:02:10.319> a

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it's not nearly enough there's not a

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it's not nearly enough there's not a single<00:02:10.959> family<00:02:11.280> in<00:02:11.360> this<00:02:11.520> country<00:02:12.160> for<00:02:12.319> whom

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single family in this country for whom

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single family in this country for whom the<00:02:12.720> small<00:02:12.959> handouts<00:02:13.440> given<00:02:13.680> yesterday<00:02:14.319> will

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the small handouts given yesterday will

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the small handouts given yesterday will even<00:02:14.800> nearly<00:02:15.120> make<00:02:15.360> up<00:02:15.440> for<00:02:15.599> the<00:02:15.840> massive

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even nearly make up for the massive

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even nearly make up for the massive increase<00:02:16.560> of<00:02:16.640> cost<00:02:16.800> of<00:02:16.879> living<00:02:17.440> we're<00:02:17.599> talking

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increase of cost of living we're talking

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increase of cost of living we're talking about<00:02:18.319> thousands<00:02:18.800> of<00:02:19.040> pounds

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about thousands of pounds

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about thousands of pounds extra<00:02:20.319> cost<00:02:20.560> of<00:02:20.640> living

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extra cost of living

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extra cost of living for<00:02:21.760> every<00:02:21.920> family<00:02:22.239> in<00:02:22.319> this<00:02:22.400> country<00:02:22.959> and<00:02:23.120> in

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for every family in this country and in

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for every family in this country and in many<00:02:23.440> many<00:02:23.680> cases<00:02:24.080> in<00:02:24.239> millions<00:02:24.640> of<00:02:24.720> cases

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many many cases in millions of cases

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many many cases in millions of cases that<00:02:25.680> would<00:02:25.760> be<00:02:25.840> thousands<00:02:26.160> of<00:02:26.239> pounds<00:02:26.480> which

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that would be thousands of pounds which

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that would be thousands of pounds which they<00:02:26.800> simply<00:02:27.200> don't<00:02:27.440> have<00:02:28.080> i<00:02:28.400> think<00:02:28.560> it's

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they simply don't have i think it's

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they simply don't have i think it's important<00:02:29.040> for<00:02:29.120> people<00:02:29.360> to<00:02:29.440> realize<00:02:29.920> we<00:02:30.080> are

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important for people to realize we are

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important for people to realize we are talking<00:02:30.480> about<00:02:30.879> people<00:02:31.120> will<00:02:31.280> lose<00:02:31.440> their

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talking about people will lose their

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talking about people will lose their homes<00:02:31.760> over<00:02:32.000> this<00:02:32.319> people<00:02:32.560> will<00:02:32.640> not<00:02:32.720> be<00:02:32.800> able

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homes over this people will not be able

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homes over this people will not be able to<00:02:33.040> pay<00:02:33.200> the<00:02:33.280> rent<00:02:33.840> to<00:02:34.000> pay<00:02:34.160> the<00:02:34.239> mortgage

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to pay the rent to pay the mortgage

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to pay the rent to pay the mortgage people<00:02:35.120> will<00:02:35.200> become<00:02:35.440> homeless

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people will become homeless

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people will become homeless it's<00:02:37.040> very<00:02:37.280> very<00:02:37.599> serious<00:02:37.840> situation<00:02:38.319> and

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it's very very serious situation and

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it's very very serious situation and then<00:02:38.640> you<00:02:38.720> know<00:02:39.120> if<00:02:39.200> we<00:02:39.360> can<00:02:39.440> take<00:02:39.599> it<00:02:39.680> one<00:02:39.840> step

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then you know if we can take it one step

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then you know if we can take it one step further<00:02:40.720> if<00:02:40.879> you're<00:02:41.040> taking<00:02:41.360> two<00:02:41.519> three

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further if you're taking two three

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further if you're taking two three thousand<00:02:42.080> pounds<00:02:42.879> out<00:02:43.040> of<00:02:43.120> the<00:02:43.200> disposable

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thousand pounds out of the disposable

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thousand pounds out of the disposable income<00:02:44.000> of<00:02:44.080> every<00:02:44.319> family<00:02:45.120> well<00:02:45.360> that's<00:02:45.519> their

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income of every family well that's their

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income of every family well that's their entire<00:02:45.920> disposable<00:02:46.480> income<00:02:46.640> so<00:02:46.800> they<00:02:46.879> can't

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entire disposable income so they can't

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entire disposable income so they can't go<00:02:47.120> to<00:02:47.200> the<00:02:47.360> pub<00:02:47.760> they<00:02:47.920> can't<00:02:48.080> go<00:02:48.239> to<00:02:48.319> the

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go to the pub they can't go to the

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go to the pub they can't go to the cinema<00:02:48.800> they<00:02:48.959> can't<00:02:49.120> go<00:02:49.200> on<00:02:49.280> holiday<00:02:49.840> they

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cinema they can't go on holiday they

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cinema they can't go on holiday they can't<00:02:50.160> go<00:02:50.319> to<00:02:50.400> the<00:02:50.480> theater<00:02:50.879> they<00:02:50.959> can't<00:02:51.120> go<00:02:51.280> to

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can't go to the theater they can't go to

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can't go to the theater they can't go to restaurants<00:02:52.000> so<00:02:52.160> it's<00:02:52.319> going<00:02:52.400> to<00:02:52.480> destroy<00:02:52.800> the

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restaurants so it's going to destroy the

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restaurants so it's going to destroy the economy<00:02:53.280> of<00:02:53.360> this<00:02:53.440> country<00:02:53.920> look<00:02:54.160> we<00:02:54.239> made

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economy of this country look we made

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economy of this country look we made this<00:02:54.640> mistake<00:02:54.959> before<00:02:55.200> in<00:02:55.280> 2008.<00:02:56.239> if<00:02:56.400> you<00:02:56.560> deal

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this mistake before in 2008. if you deal

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this mistake before in 2008. if you deal with<00:02:56.800> a<00:02:56.879> crisis<00:02:57.760> in<00:02:57.840> such<00:02:58.080> a<00:02:58.159> way<00:02:58.319> that<00:02:58.480> you

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with a crisis in such a way that you

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with a crisis in such a way that you impoverish<00:02:59.360> the<00:02:59.519> vast<00:02:59.760> majority<00:03:00.080> of<00:03:00.239> people

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impoverish the vast majority of people

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impoverish the vast majority of people and<00:03:01.040> make<00:03:01.200> the<00:03:01.360> rich<00:03:01.680> super<00:03:02.000> super<00:03:02.319> rich<00:03:02.879> all

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and make the rich super super rich all

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and make the rich super super rich all you're<00:03:03.200> going<00:03:03.280> to<00:03:03.360> do<00:03:03.519> is<00:03:03.599> see<00:03:03.760> a<00:03:03.840> massive

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you're going to do is see a massive

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you're going to do is see a massive increase<00:03:04.319> in<00:03:04.400> house<00:03:04.640> prices<00:03:05.040> a<00:03:05.120> massive

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increase in house prices a massive

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increase in house prices a massive increase<00:03:05.680> in<00:03:05.760> stock<00:03:06.000> prices<00:03:06.560> and<00:03:06.720> the<00:03:06.879> economy

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increase in stock prices and the economy

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increase in stock prices and the economy will<00:03:07.360> be<00:03:07.440> in<00:03:07.519> a<00:03:07.599> slump<00:03:08.159> for<00:03:08.400> 20<00:03:08.640> years<00:03:09.040> you<00:03:09.120> know

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will be in a slump for 20 years you know

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will be in a slump for 20 years you know i'm<00:03:10.080> probably<00:03:10.319> getting<00:03:10.480> too<00:03:10.640> passionate

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i'm probably getting too passionate

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i'm probably getting too passionate about<00:03:11.040> it<00:03:11.120> but<00:03:11.280> this<00:03:11.440> is<00:03:11.519> really<00:03:11.760> really

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about it but this is really really

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about it but this is really really serious<00:03:12.560> this<00:03:12.800> is<00:03:12.959> really<00:03:13.200> really<00:03:13.360> serious

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serious this is really really serious

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serious this is really really serious and<00:03:13.760> something<00:03:13.920> has<00:03:14.080> to<00:03:14.159> be<00:03:14.239> done

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you